EOW books three real estate companies for duping people

In a major jolt to real-estate bodies of Delhi-NCR, the Economic Offence Wing (EOW) of Delhi police have reportedly booked three real estate companies- Rudra Buildwell Reality, H R Intracity and UM Architectures and Contractors-for allegedly duping people to the tune of around Rs 1.98 crore on the pretext of booking apartments in a housing project in one of the NCR cities. 

Notably, noted cricketer Gautam Gambhir had recently been associated with the Rudra Buildtech with having 25 per cent stake in real estate giant but his name has not been figured in FIR with the cricketer trashing all allegations against him.

According to the reports, an FIR in connection with the matter was registered under relevant sections of IPC for criminal breach of trust and cheating at Economics Offences Wing on December 11, following which investigation was started. The incident came to the fore after a complainant alleged that he, along with 16 others had paid around Rs 1.98 crore for booking flats in an upcoming project at Ghaziabad’s Indirapuram area in 2011 but the housing project never took off, following which he approached the police.

The complainant also levelled charges against cricketer Gautam Gambhir, who was once a director and also the brand ambassador in the joint project. “The project was extensively promoted and advertised and Gambhir, as the brand ambassador helped in attracting and inviting buyers to invest in the project,” the complainant told the police. Meanwhile, Gambhir’s name was not included in the FIR, after preliminary investigations.

Gambhir told that his association with the project ended in 2014 after he resigned as a director and claimed to have no say in their day-to-day affairs. “My association with the company ended in 2014 and I resigned as a director much earlier. What’s happening is unfortunate but as their brand ambassador or director, I had no say in their day to day affairs,” he said.